Aksh Optifibre Limited has announced its Q2 FY17 results. Diversification planned by the company for its ambitious ophthalmic lens project is showcasing promising execution. Land has already been acquired followed by facility construction and ordering of machinery. Consequent to the planned expansion across all the manufacturing facilities of the company, the total revenue was recorded at 90.41 crore. The upgradation and expansion plans announced by the company earlier this year are on track. Upgradation in OF and OFC has been completed while expansion in OF and FRP is progressing for timely completion by March 2017.
With a view to mitigate demographic risks, the company is focused to explore new geographies with strategic long-term alliances across the world. Company's export turnover in H1 FY 16-17 was 63 percent higher than H1 FY 15-16.